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Note 14 - Income Taxes

9 Months Ended

Sep. 30, 2014

Income Tax Disclosure [Abstract]

Income Tax Disclosure [Text Block]

14. Income Taxes

The following table sets forth the Company’s income tax provision for the periods indicated:

	Three Months Ended September 30,								Nine Months Ended September 30,
	2014				2013				2014				2013
	(in thousands)
Income (loss) before taxes		$	(7,984	)		$	335			$	(12,331	)		$	14,445
Income tax provision (benefit)			(2,605	)			494				(4,153	)			4,412
Net income (loss)		$	(5,379	)		$	(159	)		$	(8,178	)		$	10,033
Income tax provision (benefit) as a percentage of income before income taxes			(32.6	%)			147.5	%			(33.7	%)			30.5	%

The Company’s income tax benefit for the three and nine months ended September 30, 2014 was (32.6%) and (33.7%) of income before income taxes, respectively.  The blended effective income tax rate expected for the year ended December 31, 2014 is 33.8%.  This tax provision rate factors in various domestic deductions and the impact of foreign operations on the Company’s overall tax rate. The Company’s income tax provision rate of 147.5% and 30.5% during the three and nine months ended September 30, 2013, respectively, factored in similar deductions as well as the impact of foreign operations.

Undistributed Earnings (Losses) from Foreign Operations

Deferred income taxes have not been provided on the accumulated undistributed losses of the Company’s foreign subsidiaries of approximately $9.8 million and $5.0 million as of September 30, 2014 and December 31, 2013, respectively. The Company does not have plans to repatriate its foreign earnings to the U.S. as dividends.

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The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

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Reference 3: http://www.xbrl.org/2003/role/presentationRef

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Reference 4: http://www.xbrl.org/2003/role/presentationRef

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